Eagle Bancorp, Inc. Announces Cash Dividend

Rhea-AI Summary

Eagle Bancorp, Inc. (NASDAQ: EGBN), based in Bethesda, Maryland, has announced a cash dividend of $0.45 per share for Q3 2022. This dividend will be payable on October 31, 2022, to shareholders who are recorded by October 10, 2022. This reflects the company’s commitment to returning value to its shareholders while navigating current economic uncertainties.

Positive

• Cash dividend of $0.45 per share demonstrates company confidence.
• Timely dividend payment reflects strong fiscal management.

Negative

• Potential risks stemming from economic uncertainties and global market volatility.
• Dependence on stability amidst the ongoing impacts of the coronavirus pandemic.

BETHESDA, Md., Sept. 20, 2022 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the third quarter of 2022, in the amount of $0.45 per share. The cash dividend will be payable on October 31, 2022 to shareholders of record on October 10, 2022.

About Eagle Bancorp: The Company is the holding company for EagleBank, which commenced operations in 1998. The Bank is headquartered in Bethesda, Maryland, and operates through seventeen branch offices, located in Suburban Maryland, Washington, D.C. and Northern Virginia. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace.

Caution About Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events or results of Company operations and policies and regarding general economic conditions. These forward-looking statements are based on current expectations that involve risks, uncertainties and assumptions, including the impacts of the novel coronavirus pandemic and the volatility and uncertainty in global markets and economies. Because of these uncertainties and the assumptions on which the forward-looking statements are based, actual future operations and results in the future may differ materially from those indicated herein. Readers are cautioned against placing undue reliance on any such forward-looking statements. For details on factors that could affect these expectations, see the risk factors and other cautionary language included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 and other filings with the SEC. Except as required by law, the Company does not undertake to update forward-looking statements contained in this release.

EagleBank Contact
Dave Danielson
240.552.9534

FAQ

What is the dividend amount for Eagle Bancorp (EGBN) in Q3 2022?

The dividend amount for Eagle Bancorp (EGBN) in Q3 2022 is $0.45 per share.

When will the dividend for Eagle Bancorp be paid?

The dividend for Eagle Bancorp will be paid on October 31, 2022.

Who is eligible for the Eagle Bancorp dividend?

Shareholders on record as of October 10, 2022, are eligible for the Eagle Bancorp dividend.

How often does Eagle Bancorp pay dividends?

Eagle Bancorp typically pays dividends on a quarterly basis.

What risks could affect Eagle Bancorp's future dividends?

Future dividends may be impacted by global market volatility and economic uncertainties.